Hope Helps Inc

Analysis

Hope Helps Inc is a registered charity in United States, based in Oviedo, FL. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hope Helps Inc reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.7m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Helps Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Keys Empowers Inc ($2.7m), Wasilla Area Seniors Inc ($2.7m) and Crossroads Urban Center ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $141k (5.0% of expenses). Other salaries and wages came to $676k. At year end it held assets of $2.0m against liabilities of $626k, net assets of $1.4m. It reported 39 employees.